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Jun 30, 2020
CNB Financial Q2 2020 Earnings Report
Reported earnings per share of $0.54 compared to $0.64 for second quarter 2019
Key Takeaways
CNB Financial Corporation reported a net income of $8.2 million, or $0.54 per diluted share, for the quarter ended June 30, 2020. The results reflect the challenges and rewards of helping customers navigate a difficult period, with a favorable financial performance and a positive outlook.
Net income was $8.2 million, or $0.54 per diluted share.
Loans totaled $3.0 billion, including $217 million in Paycheck Protection Program (PPP) loans.
Deposits totaled $3.6 billion, including an estimated $217 million in PPP deposits.
The Corporation’s cash position totaled approximately $663 million.
Forward Guidance
The Corporation is confident to help keep communities safe, employed and encouraged for the future.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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